Just as important is firing quickly. Learn as soon as possible that you (both) made the wrong decision, and the person you spent hours de-risking won’t work out. The sunk cost fallacy post-hiring is a real quagmire, and the only way out is to decisively acknowledge that you made a bad call and cut ties as cleanly as possible.
This is good business, but it’s also better for the person you incorrectly hired, assuming you effectively filtered out freeloaders.
Just as important is firing quickly. Learn as soon as possible that you (both) made the wrong decision, and the person you spent hours de-risking won’t work out. The sunk cost fallacy post-hiring is a real quagmire, and the only way out is to decisively acknowledge that you made a bad call and cut ties as cleanly as possible.
This is good business, but it’s also better for the person you incorrectly hired, assuming you effectively filtered out freeloaders.
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